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FOX Business
Nov 18, 2012 2:00am EST
'll spring up. >> rick? >> it's very interesting. most of the chatter that i'm hearing out of washington is really focusing more on reducing the corporate tax rates. david, as you pointed out, the president supporting that idea. look, i only hear one sector really complaining right now about this and that's the eney sector. they're not worrying about their taxes going u they're worrying about their subsidies being cut. they're using it as a piece of blackmail to say may, if you cut our subsidy, we're going to move jobs. you know what? enough already. you can afford to do -- >> there were other companies. the problem is there are a lot of other companieworried about this. one of which is apple which has about $120 billion, about half of that money is overseas where it's not doing us any good. >> david, i think you just hit the nail on the head. that's the biggest problem is the repatriation of earnings of u.s. subsidiaries overseas. they're keeping that cash there because we're one of the very few countries that does double taxation of profits. first they get taxed overseas and then we t
Search Results 0 to 3 of about 4 (some duplicates have been removed)